15 C
Supported byspot_img

Anglo Asian Mining reports large high-grade assay to extend mineralisation at Gilar project

Member of Europium Groupspot_img
Supported byspot_img

Anglo Asian Mining PLC told investors that the latest drill results from the Gilar deposit in Azerbaijan have confirmed an extension to the mineralisation that was previously reported, following earlier drilling.

Highlight assays from the latest batch included a 51-metre (m) continuous intersection of gold and copper mineralisation, the company noted, with an average grade of 1.9 grams per tonne (g/t) gold, 1.4% copper and 0.5% zinc.

That section also included some 34.5m at 2.6g/t, 2% copper and 0.7% zinc.

Supported by

“We are delighted to announce this extension to Gilar, which hosts exceptionally strong grades of gold and copper over significant thickness,” said Anglo Asian vice-president Stephen Westhead.

The company, meanwhile, noted that construction is now underway for the portal and tunnelling for a second ventilation shaft – it is being done for geotechnical purposes, along with the reinforcement of the portal area and development of infrastructure including water, power and underground ventilation.

“We continue to develop the portal, and the team is making great progress with the tunnelling,” Westhead added.

“Gilar is an exciting project for Anglo Asian, and we look forward to bringing it into production in the fourth quarter of this year.”


Source: proactive

Supported byElevatePR Digital

Related News

Overcoming the copper supply challenge: Implications for U.S. renewable energy goals

A recent University of Michigan study sheds light on a concerning gap in copper production essential for meeting renewable energy targets in the United...

Shenghe Resources expands global influence with acquisition of Tanzanian mineral sands projects

Shenghe Resources, a prominent Chinese rare earth company, is continuing its strategic global expansion by acquiring interests in various rare earth and mineral sands...

Addressing political risks in the critical minerals market

Investors can manage a variety of risks, including those related to construction, interest rates, weather, and even market price movements through hedging. However, one...

Domestic tungsten mines accelerate commercial production amid market surge

The commercialization of domestic tungsten mines is gaining significant momentum as the international market for tungsten continues to surge. The Uljin Ssangjeon Mine, a...
Supported by
Supported by
Supported by
error: Content is protected !!